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Photos
385 Mermaid Street, Laguna Beach, CA 92651
$3,795,000 Asking Price
$---/mo Est. Payment Get Prequalified »
4
beds
4
baths
2,000
sqft
Built in
1946
Situated in the picturesque heart of The Village in Laguna Beach is a lucrative, turnkey investment opportunity: a triplex bathed in coastal charm and superbly located. The property is spread across four stories, including the garage and boasts excellent walkability near high-end dining, boutique shopping, five-star resorts, and top-rated schools, creating an oasis of comfort, style, and convenience. Each of the three units has a unique allure, characterized by significant outdoor square footage, beamed ceilings and hardwood floors. The units' kitchens, each adorned with stainless steel appliances, add a touch of modern elegance and functionality. Nestled on the lowest level, Unit A offers a two-bedroom, one-bathroom layout. Serenity defines this space, from its peaceful bedrooms to its outdoor deck that provides city light and neighborhood viewsan ideal spot to unwind or entertain. Unit B, located on the middle level, unfolds as a flexible studio with one bathroom and an outdoor patio, a canvas for creative personalization. It can serve as a home office, an artist's studio, or a guest suite; the potential is unlimited. Ascending to the upper unit, you'll find Unit C, mirroring Unit A with two tranquil bedrooms and one full bathroom. With its extraordinary income-earning potential, all three units can be fully leased for consistent earnings, or partially occupied with the remaining units rented out. Completing the residence is a rare four-car attached garage with storage cabinets plus 2 uncovered spaces. Bridging the unique charm of Laguna Beach living with a compelling inv
Features & Amenities
Interior
- General:
- Beamed Ceilings,Recessed Lighting,Furnished
- Laundry:
- Closet Stacked,Inside
- Flooring:
- Wood
- A/C:
- Central Forced Air,Wall/Window
- Heating:
- Forced Air Unit
- Fireplace:
- N/K
Exterior
- Pool:
- None
- Parking:
- Parking spaces: 6
Construction
- General:
- 3 Story
Location
- HOA Amenities:
- 0.0
- Originating MLS:
- California Regional MLS
- County:
- Orange
Lot
- Zoning:
- 64126506
- View:
- City Lights
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- California Regional MLS
This listing courtesy of:
Coldwell Banker Realty, Tim Smith
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Laguna Beach, CA
Housing
- Number of Units
- 13,346
- Median Home Value
- $1,154,579
- Median Rent
- $2,022
35.96% of housing units are renter occupied.
16.92% are vacant.
Commute
- Car
-
46.64%
- Public Transportation
-
0.79%
- Walk to Work
-
2.47%
- Work from Home
-
49.25%
- Other
-
0.64%
The median travel time to work is 15 minutes.
People
- Population
- 24,228
- Median Age
- 53.90
- Median Household Size
- 2.47
Education
- High School
-
8.52%
- Associate’s Degree
-
5.97%
- Bachelor’s Degree
-
38.41%
- Graduate Degree
-
30.17%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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